Sequana Medical (Belgium) Market Value
| SEQUA Stock | 0.78 0.01 1.27% |
| Symbol | Sequana |
Sequana Medical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sequana Medical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sequana Medical.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Sequana Medical on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sequana Medical NV or generate 0.0% return on investment in Sequana Medical over 30 days. Sequana Medical is related to or competes with Biocartis Group, and Argen X. More
Sequana Medical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sequana Medical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sequana Medical NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 47.93 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 12.94 |
Sequana Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sequana Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sequana Medical's standard deviation. In reality, there are many statistical measures that can use Sequana Medical historical prices to predict the future Sequana Medical's volatility.| Risk Adjusted Performance | 0.0122 | |||
| Jensen Alpha | 0.0011 | |||
| Total Risk Alpha | (1.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1261 |
Sequana Medical NV Backtested Returns
At this point, Sequana Medical is out of control. Sequana Medical NV owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0075, which indicates the firm had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sequana Medical NV, which you can use to evaluate the volatility of the company. Please validate Sequana Medical's Risk Adjusted Performance of 0.0122, coefficient of variation of 24471.45, and Semi Deviation of 7.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.0638%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sequana Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sequana Medical is expected to be smaller as well. Sequana Medical NV right now has a risk of 8.52%. Please validate Sequana Medical value at risk and the relationship between the expected short fall and price action indicator , to decide if Sequana Medical will be following its existing price patterns.
Auto-correlation | 0.40 |
Average predictability
Sequana Medical NV has average predictability. Overlapping area represents the amount of predictability between Sequana Medical time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sequana Medical NV price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Sequana Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sequana Medical NV lagged returns against current returns
Autocorrelation, which is Sequana Medical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sequana Medical's stock expected returns. We can calculate the autocorrelation of Sequana Medical returns to help us make a trade decision. For example, suppose you find that Sequana Medical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sequana Medical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sequana Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sequana Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sequana Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Sequana Medical Lagged Returns
When evaluating Sequana Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sequana Medical stock have on its future price. Sequana Medical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sequana Medical autocorrelation shows the relationship between Sequana Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Sequana Medical NV.
Regressed Prices |
| Timeline |
Pair Trading with Sequana Medical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sequana Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sequana Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Sequana Stock
The ability to find closely correlated positions to Sequana Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sequana Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sequana Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sequana Medical NV to buy it.
The correlation of Sequana Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sequana Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sequana Medical NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sequana Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Sequana Stock
Sequana Medical financial ratios help investors to determine whether Sequana Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sequana with respect to the benefits of owning Sequana Medical security.